India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
In Q1 2024, Delhi-NCR’s office leasing soared to 4.03 million sq ft, with flex spaces accounting for over a third. NH-8 Gurugram and Noida City led, highlighting a shift towards flexible work environments in prime commercial hubs.
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READ MOREThe Q1 2024 India Office Market Overview by Colliers highlights robust growth in Bengaluru and Hyderabad, driving 50% of leasing activities and 75% of new supply. Rental rates are on the rise, and with stable vacancy levels, the market promises lucrative opportunities for investors and occupiers alike.
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READ MOREIndia’s office space demand soared in Q1 2024 across top cities, led by Bengaluru, Hyderabad, and Mumbai. This demand is driven by sectors like BFSI and IT-ITES and a shift to Grade A and coworking spaces. The market shows robust growth despite global economic uncertainties.
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